Encore Discovery Solutions Forms Subprime Services Unit

PHOENIX, AZ--(Marketwire - July 15, 2008) - Encore Discovery Solutions, a knowledge-based
provider of electronic discovery and related services, announced today that
it has formed a business unit featuring industry experts in matters related
to subprime litigation. The group of professionals selected for this effort
reflects the diversity of background, experience and expertise of Encore's
staff and the broad range of legal and technical knowledge the company has
developed. Subprime Unit members include attorneys, paralegals, experts in
operations and workflows, forensic experts, project managers and technical
experts. Encore's dedicated Subprime Unit includes professionals based in
multiple venues across the United States and exists to help its clients
gain the full value of Encore's experience with large complex litigation in
general and subprime lending-related litigation in particular.

The financial crisis in the subprime market has led to an unprecedented
wave of regulatory inquiries and private securities litigation. Encore's
Subprime Services Unit is specifically built to create repetitive and
defensible processes, which is especially important given the number of
cases and the potential for serial litigation. In the hundreds of subprime
related suits that have been filed already, there have been various
theories of liability and very diverse causes of action, resulting in
complex cases that can be expensive to litigate and may ultimately turn on
evidence generated from the electronic discovery process.

Because of the high financial stakes, great number of stakeholders and
large troves of electronic documents, subprime cases are expected to be
some of the largest cases in history, possibly even exceeding the Enron
litigation, which is generally acknowledged to be the largest case ever.
Large cases can be especially difficult, as costs and errors can grow
exponentially. "Our Subprime Services Unit leverages much of the experience
Encore gained by managing large matters with complex, repetitive data and
tight deadlines, as we did over many years with Enron," said Gregory J.
Mazares, Encore's President and CEO. Encore was selected by both the
plaintiff and defense groups to become the court-appointed provider of
litigation support services to hundreds of law firms and parties in the
Enron civil litigation. "We are uniquely situated to help clients with
large, high-profile cases where we can expect immense scrutiny by the
courts, government agencies and the general public."

"Subprime lending cases are not your standard litigation," added Mazares.
"Not only are the cases enormous, but they are extremely complex, with many
interconnected stakeholders. Mortgage holders, banks, mortgage companies,
real estate brokers, title companies, shareholders, government and
regulatory agencies, state attorneys general and bond rating agencies are
all among those involved -- sometimes in the same case." Encore has
experience working with all of these constituencies and has already worked
for most of the large law firms and government agencies involved in
subprime litigation, as well as at least six affected companies, including
some of the best-known financial institutions.

The fact that numerous government entities are involved puts a high premium
on the use of sound electronic discovery processes, chain of custody and
especially forensic expertise. "What may start as a broad-based
investigation by the SEC could quickly evolve into a complex web of related
cases," said Hemanth Salem, Encore's Vice President of Professional
Services and member of the Subprime Services Unit. "For example, the
discovery process must factor in that an investigation could quickly expand
to include 10b-5 and derivative cases, ERISA 'stock-drop' cases, fraud or
negligence claims revolving around slack underwriting standards, lack of
appropriate internal accounting controls and failure to disclose exposure
to risk in MBSs and CDOs."

The members of Encore's Subprime Services Unit have the knowledge and
experience to put together unique workflows and technologies based on
repeatable, defensible processes that help its clients manage such intense
scrutiny from multiple angles consistently and efficiently. This reflects
Encore's overall philosophy of working with its clients to choose the best
processes and technologies for each project, ensuring the highest level of
quality, efficiency, and cost savings. Added Mazares, "The experience of
our Subprime Unit members in working within many discovery processes and
workflows, combined with Encore's commitment to utilize best-in-breed
technology, can provide our clients with a distinct advantage in the large,
complex cases revolving around subprime lending."

About Encore Discovery Solutions

Through a combination of knowledge and innovation, and with a focus on
helping clients achieve favorable results, Encore Discovery Solutions
provides a broad range of discovery solutions to major law firms and
corporate legal departments across the U.S. According to independent
surveys in 2006 and 2007, Encore is ranked as one of the leading providers
of electronic data discovery and related services, including Web hosting,
data forensics and collections, imaging, coding and reprographics. For
more information, please visit www.encorediscovery.com.